November 25, 2016 - By Louis Casey · 0 Comments
Sherwin Williams Co (NYSE:SHW) institutional sentiment increased to 1.1 in Q2 2016. Its up 0.06, from 1.04 in 2016Q1. The ratio increased, as 283 institutional investors increased or opened new holdings, while 272 decreased and sold their equity positions in Sherwin Williams Co. The institutional investors in our partner’s database now own: 67.61 million shares, down from 71.50 million shares in 2016Q1. Also, the number of institutional investors holding Sherwin Williams Co in their top 10 holdings decreased from 18 to 17 for a decrease of 1. Sold All: 50 Reduced: 222 Increased: 210 New Position: 73.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The company has a market cap of $25.89 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 23.04 P/E ratio. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment maker product finishes and related items.
The stock increased 0.94% or $2.56 during the last trading session, hitting $274.97. About 376,995 shares traded hands. Sherwin-Williams Co (NYSE:SHW) has declined 8.92% since April 22, 2016 and is downtrending. It has underperformed by 14.33% the S&P500.
Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on January, 26. They expect $2.10 EPS, down 0.94% or $0.02 from last year’s $2.12 per share. SHW’s profit will be $197.73 million for 32.73 P/E if the $2.10 EPS becomes a reality. After $4.23 actual EPS reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts -50.35% negative EPS growth.
According to Zacks Investment Research, “Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson’s, Minwax and Krylon. (Company Press Release)”
Sirios Capital Management L P holds 6.09% of its portfolio in Sherwin-Williams Co for 431,999 shares. Chilton Investment Co Llc owns 561,306 shares or 5.85% of their US portfolio. Moreover, Permian Investment Partners Lp has 5.65% invested in the company for 105,547 shares. The New York-based Hitchwood Capital Management Lp has invested 4.61% in the stock. Gyroscope Capital Management Group Llc, a Florida-based fund reported 18,841 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 2 selling transactions for $10.10 million net activity.
Ratings analysis reveals 63% of Sherwin-Williams Company’s analysts are positive. Out of 16 Wall Street analysts rating Sherwin-Williams Company, 10 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $265 while the high is $336. The stock’s average target of $290.75 is 5.74% above today’s ($274.97) share price. SHW was included in 23 notes of analysts from July 22, 2015. Sterne Agee CRT upgraded Sherwin-Williams Co (NYSE:SHW) rating on Tuesday, August 25. Sterne Agee CRT has “Neutral” rating and $285.0 price target. The stock of Sherwin-Williams Co (NYSE:SHW) earned “Outperform” rating by RBC Capital Markets on Friday, January 29. The firm has “Market Perform” rating given on Thursday, September 29 by Wells Fargo. Argus Research upgraded the shares of SHW in a report on Monday, October 10 to “Buy” rating. The firm has “Buy” rating by Evercore given on Tuesday, November 8. The rating was downgraded by Seaport Global to “Neutral” on Monday, July 11. The company was upgraded on Wednesday, July 22 by Northcoast. KeyBanc Capital Markets downgraded Sherwin-Williams Co (NYSE:SHW) on Monday, March 21 to “Sector Weight” rating. UBS maintained Sherwin-Williams Co (NYSE:SHW) on Monday, March 21 with “Neutral” rating. The stock of Sherwin-Williams Co (NYSE:SHW) has “Buy” rating given on Wednesday, January 20 by Goldman Sachs.
The Sherwin-Williams Company (Sherwin-Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail clients in North and South America with additional activities in the Caribbean region, Europe and Asia. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group.
Another recent and important Sherwin-Williams Co (NYSE:SHW) news was published by Prnewswire.com which published an article titled: “Sherwin-Williams Executive Chairman Chris Connor to Retire; President and CEO …” on November 07, 2016.
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By Louis Casey